Arbeitspapier
Real exchange rates and the long-run effects of aggregate demand in economies with underemployment
Successful economic development to a large extent derives from the mobilization of underemployed resources. Demand policy can play an important role. It is critical, however, to consider balance of payments constraints and to ensure an expansion of investment in the modern sector. A combination of investment promotion and exchange rate intervention may be required to achieve these goals.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 2012-06
Economic Growth of Open Economies
Macroeconomic Analyses of Economic Development
One, Two, and Multisector Growth Models
balance of payments
economic growth
inflation
aggregate demand
two-sector model
Rapetti, Martin
Razmi, Arslan
- Handle
- Last update
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20.09.2024, 8:21 AM CEST
Data provider
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Object type
- Arbeitspapier
Associated
- Skott, Peter
- Rapetti, Martin
- Razmi, Arslan
- University of Massachusetts, Department of Economics
Time of origin
- 2012